How Much Should Be Deposited Now If You Wish to Withdraw

question 263

Multiple Choice

How much should be deposited now if you wish to withdraw $2,000 quarterly in perpetuity? Interest is 3.95% compounded quarterly.

• A) $209,307
• B) $205,696
• C) $202,532
• D) $200,169
• E) $198,710

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The conversion of data into a code to prevent unauthorized access.